While still a teenager he managed about 200 employees in a meat and fish market. (Soybean oil is used in salad dressing.) Biography ĭe Angelis was born to Italian immigrant parents in the Bronx. In 1962 De Angelis' company, Allied Crude Vegetable Oil Refining Corporation, bilked 51 banks out of over $180 million ($1.72 billion today) in what became known as the Salad Oil scandal after he failed to corner the soybean oil market. Unsourced material may be challenged and removed.
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